Team (NYSE:TISI) Director Buys 2,000 Shares of Stock

Team, Inc. (NYSE:TISI) Director Anthony Horton purchased 2,000 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were purchased at an average price of $22.90 per share, for a total transaction of $45,800.00. Following the acquisition, the director directly owned 28,082 shares of the company’s stock, valued at $643,077.80. This trade represents a 7.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Team Price Performance

Team stock traded up $0.11 during midday trading on Tuesday, reaching $23.08. The stock had a trading volume of 1,700 shares, compared to its average volume of 9,988. The firm’s fifty day simple moving average is $18.09 and its two-hundred day simple moving average is $16.57. Team, Inc. has a twelve month low of $12.34 and a twelve month high of $24.44. The firm has a market cap of $105.71 million, a price-to-earnings ratio of -2.45 and a beta of 1.04.

Team (NYSE:TISI) last posted its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) earnings per share for the quarter, topping the consensus estimate of ($5.94) by $4.21. The firm had revenue of $228.68 million for the quarter, compared to analysts’ expectations of $208.88 million.

Hedge Funds Weigh In On Team

A number of hedge funds have recently modified their holdings of TISI. DRW Securities LLC purchased a new stake in shares of Team during the fourth quarter worth $168,000. Dimensional Fund Advisors LP grew its stake in Team by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 893 shares in the last quarter. Susquehanna International Group LLP grew its stake in Team by 5.1% in the third quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 834 shares in the last quarter. DG Capital Management LLC acquired a new position in Team in the 4th quarter worth about $913,000. Finally, Manatuck Hill Partners LLC increased its position in Team by 16.1% in the 2nd quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock worth $1,312,000 after purchasing an additional 10,000 shares during the last quarter. 46.57% of the stock is owned by institutional investors and hedge funds.

Key Team News

Here are the key news stories impacting Team this week:

• Positive Sentiment: Management’s decision to openly address the company’s challenges and present a turnaround plan may reassure investors that corrective actions are underway. The company’s most recent quarterly results also exceeded analyst expectations for both EPS and revenue, providing some support for the recovery narrative.
• Neutral Sentiment: The call did not represent a completed recovery; investors will likely look for measurable progress in margins, earnings, liquidity and operating execution in upcoming quarters. Trading volume has been well below average, which can make price movements less reliable.
• Negative Sentiment: The “painful quarter” framing highlights continued operational and financial pressure. Team remains unprofitable based on its negative price-to-earnings ratio, and the turnaround plan introduces execution risk because improvements have not yet been demonstrated. Team Inc. Earnings Call Maps Painful Quarter, Turnaround Plan

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Team in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Team Company Profile

Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.